Each SPIN Token Is Equal To A Lottery Ticket

Greeting Hiverians

@hive-lottery recently launched their SPIN token on Hive-Engine/Tribaldex for their gameplay. We have changed our currency from HIVE to Hive-Engine's Token. This will bring more stability to our game and save time for our players. This new strategy has changed the whole model of the game and the new game model will become more popular and easy to play.

What is Hive Lottery & SPIN Tokens:

Hive Lottery is a simple spin and win game played by the spin wheel bot on our Discord Server. The game is played between five and ten players. Players need to deposit at least ten tokens to join the game. After the deposit is confirmed, we add the player's name to the wheel and the bot spins the wheel with the names of all the participants, and the winner is chosen by where the wheel stops. The winner gets all the tokens as the prize, which the bot has collected from all the participants for spinning the wheel.

A user can participate in the game by sending at least ten spin tokens to @spin-burn. The token is available at Hive-Engine/Tribaldex. The token price is set to the same amount of Hive that the old gaming model was using, which was 0.1 Hive, but the price will increase over time as part of our new gaming plan.

How We Will Maintain The Token:

The Hive-engine token market is not a stable market and our game is being played through SPIN tokens, so it is very important to maintain the value of the token. To maintain the value of the token, we have a brilliant plan. The initial token is set at 0.1 hive per token, and we will sell 100k tokens at this price and as soon as the token sale starts we will place a buyback order via @spin-burn with a 5% less amount for the first 100k tokens. Now in simple words suppose today we sold 10k tokens at the price of 0.1 Hive, at the same time we will also place a buyback order of 10k tokens at the price of 0.095 which is 5% less than the original amount. This will help us maintain the market and players will be able to sell their tokens instantly.

After the first pair of 100k tokens are sold, a second pair of 100k tokens will be issued at a price of 0.11 which is 10% higher than the old one. This time, the old buyback order will remain at 0.095 until the other 100k tokens are sold at 0.11 Hive. After these 100k tokens are sold, we will hold another buyback token at the price of 0.1045 hive which is 5% less than the new token pairs and the other 100k tokens will be released at the price of 0.12 at that time. Sell and buyback strategy will last until the end of the SPIN token supply, which is 10 million. The last pair of 100k SPIN Tokens will be sold at a price of 1 Hive per SPIN Token.

All tokens purchased by @spin-burn will be sent to @null every 24 hours. These tokens will not be resold in the market.

Delegate Your Hive Power, Earn 125% Return:

Delegate your hive power to @hive-lottery to earn 100% to 125% curation rewards in return. We have planned a 125% return to our delegates in the form of SPIN Tokens, for every 1000 Hive Power you will earn an equivalent amount of 0.125 hive in shape of SPIN Tokens daily (rewards are liquid but delivered weekly). The first batch of 100k SPIN token is available at a sale price of 0.1 hive, so you will get 1.25 token a day for every 1000 Hp. The token amount will change with the value of our token.

If You have any query, reach out to us
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